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10599 Wilshire Boulevard

Tom Gilbane & Aric Shalev Of Rockpoint Group Acquire 97-Unit Multifamily Building In Los Angeles
SOLDMultiFamily

Tom Gilbane & Aric Shalev Of Rockpoint Group Acquire 97-Unit Multifamily Building In Los Angeles

10599 Wilshire Boulevard

Building Size

Asset Type

MultiFamily

Closing

Jun 10, 2026

AI

The 97-unit Wilshire Margot apartment building is located at 10599 Wilshire Boulevard in Los Angeles, CA. The property, constructed in 2007, is positioned along the Wilshire corridor, which is in proximity to UCLA, Century City, and Beverly Hills. It is situated within a supply-constrained market characterized by high demand for multifamily housing.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Undisclosed
  • Units: 97
  • Buyer: Tom Gilbane & Aric Shalev
  • Buyer's Company: Rockpoint Group
  • Address: 10599 Wilshire Boulevard, Los Angeles, CA
  • Date of Transaction: 06/10/2026

Tom Gilbane and Aric Shalev, representing Rockpoint Group, are the key individuals in this acquisition. The firm's strategy includes a value-add repositioning of the property to capitalize on the current market conditions.

Players

Rockpoint Group
Rockpoint GroupBuyer

Boulevard MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93